Asia (ex-China) Retail & E-commerce Biweekly Updates

16 October – 31 October 2017

Asia at a glance p2 E-commerce: Lazada’s 11.11 Online Revolution mega sales to offer 210 million products this

year

E-commerce: Zalora joins media companies Diva and The Take to launch shoppable video

Retail logistics: Singapore’s online delivery service provider Honestbee allies with Thai

supermarket chain Villa Market

Shopping malls: Japanese fashion mall Lumine to open first overseas store in Singapore in

Nov 2017

Department stores: Seibu to open first Malaysia store in Kuala Lumpur

Beauty and personal care: Japanese drug store chain Matsumoto Kiyoshi to tap Taiwan

market

Personal electronics: China’s smartphone maker Vivo eyes overseas markets including

Singapore and Taiwan

Japan p3 Statistics: Retail sales up 2.2% yoy in September 2017

Statistics: CPI up 0.7% yoy in September 2017

Retail technology: Sony develops AI remote-driven vehicle to display ads

E-commerce: Rakuten partners with third-party retailers for its loyalty reward program in the

U.K.

Apparel and footwear: Forever 21 closes debut flagship store in Tokyo

Apparel and footwear: Japanese magazine Clutch to open first retail store in London

Apparel and footwear: Italian womenswear brand Anonyme Designers teams up with

South Korea p6 Statistics: CPI up 2.1% yoy in September 2017

Statistics: Consumer sentiment index up 1.5 points mom in October 2017

Retail technology: Bookseller Yes24 trials autonomous robot and electronic trolley in store

Convenience stores: South Korean CVS chain GS25 to open first Vietnam store in November

2017

Apparel and footwear: Zara’s sister brand Oysho launches on South Korean e-tailer SSG

Taiwan p7 Statistics: Retail sales up 3.2% yoy in September 2017

Convenience stores: FamilyMart Taiwan launches e-wallet app My FamiPay

Thailand p7 Shopping malls: Thai Shopping Centres Association invests 57 billion baht for mall space

expansion

Luxury: Italian sportswear brand Paul & Shark launches in King Power’s Downtown Duty

Free Mall in Bangkok

Malaysia p8 Statistics: CPI up 4.3% yoy in September 2017

Singapore p8 E-commerce: Singapore’s m-commerce forecast to grow 33% over next the five years

E-commerce: Online restaurant booking service provider Chope raises US$13 million

Luxury: Hermès opens world-first home product exhibition in Singapore

Apparel and footwear: FJ Benjamin plans to raise US$28.6 million

Beauty and personal care: Spanish makeup brand 3ina taps Singapore market

Teresa Lam

Vice President

E: teresalam@fung1937.com

T: (852)2300 2466

Fung Business Intelligence

10/F LiFung Tower

888 Cheung Sha Wan Road

Kowloon, Hong Kong

T: (852) 2300 2470

F: (852) 2635 1598

E: fbicgroup@fung1937.com

Asia Distribution & Retail

Japanese department stores

Apparel and footwear: Asics develops microwave technology for custom-made soles

Beauty and personal care: Beauty brand Shiro opens first overseas stores in London

Beauty and personal care: Kosé launches premium skincare brand Decorté in the U.K.

16 October 2017 – 31 October 2017 | 2 Asia (ex-China) Retail & E-commerce Biweekly Updates

E-commerce: Lazada’s 11.11 Online

Revolution mega sales to offer 210 million

products this year

Lazada, Southeast Asian largest e-tailer in

which Alibaba holds a majority stake, will

launch its annual online sales event – Lazada

Online Revolution mega sales on 11

November across six countries - Indonesia,

Malaysia, the Philippines, Singapore, Thailand

and Vietnam. This is the sixth year Lazada

running the month-long online shopping

festival, which starts from 11 November and

ends on 12 December each year. Themed

“Shop the Universe”, the mega sale of this

year will offer 210 million products, up

sevenfold from 2016, and will have expanded

product categories to cover fashion, luxury

cosmetics, groceries, pet supplies and digital

goods such as e-vouchers and prepaid

mobile-phone top-ups. International brands

include Huawei, Laneige, Levi’s, Mac, Ray-

Ban, Shiseido and Triumph. Lazada will also

work with over 80 delivery companies to

handle orders during the sale. In 2016,

shoppers in Southeast Asia ordered about two

million items within the first 24 hours of Online

Revolution 2016, with VR glasses,

smartphones, shower gels and mascaras

among the top selling products1.

E-commerce: Zalora joins media

companies Diva and The Take to launch

shoppable video

Southeast Asia’s major fashion e-tailer Zalora

has partnered with Diva, an Asian women’s

entertainment television channel under U.S

media company NBCUniversal International

Networks (NBCUIN), and shoppable clip

maker The Take to launch an innovative

shoppable videos on its online platforms. The

new initiative allows consumers of Zalora

online platforms in Singapore, Malaysia,

Indonesia, Philippines, Hong Kong and

Taiwan to shop for Zalora fashions directly

from specially created NBCUIN videos with

Zalora’s product catalogue. By moussing over

a “shoppable” bar shown on the video,

shoppers can browse the content, select items

of preferred size and colour and instantly

purchase their items2.

Retail logistics: Singapore’s online

delivery service provider Honestbee allies

with Thai supermarket chain Villa Market

Honestbee, a Singapore-based online on-

demand grocery delivery service provider, has

paired up with Thai supermarket chain Villa

Market to provide home delivery services in

Bangkok. Following its debut in Thailand in

March 2017, Honestbee has achieved great

success and continued to expand in Bangkok.

In addition to Villa Market, Honestbee also

tied up with local grocer CP Fresh Mart to

offer a delivery service with products at

cheaper prices than retail in September 2017.

Meanwhile, Honestbee has also partnered

with Thai restaurant and bakery chain S&P to

offer restaurant food-delivery service in

Bangkok3.

Shopping malls: Japanese fashion mall

Lumine to open first overseas store in

Singapore in Nov 2017

Japan’s fashion mall Lumine will open its first

international store in Singapore’s Clarke Quay

Central on 25 November, 2017. The retailer

believes the new launch in Singapore will

16 October 2017 – 31 October 2017 | 3 Asia (ex-China) Retail & E-commerce Biweekly Updates

provide an important gateway to the Asian

market and crucial in positioning the brand on

the world map. Covering some 10,000 sqft,

the new complex houses an in-house café as

well as more than 20 Japanese brands,

including Tomorrowland, Iena, Fray I.D. and

Spick & Span, with items priced between

S$15 and S$850. The Singapore store will

replicate the shopping experience in Lumine’s

16 branches in Japan4.

Department stores: Seibu to open first

Malaysia store in Kuala Lumpur

Seibu, an upmarket department store operator

under Japan’s retail giant Seven & I Holdings,

will make inroads into Malaysia by opening a

four-storey department store in Kuala Lumpur

in 2019. The move comes after the retailer’s

new openings in Indonesia and Singapore.

Located in the country’s financial hub Tun

Razak Exchange, the new store will sprawl

across 28.3 hectares (283,000 sqm) and be

operated by Sogo Malaysia, offering items

from food to clothing targeting high-income

consumers. Currently, Seibu boasts 16 stores

in Japan, with its flagship store in Tokyo’s

Ikebukuro5.

Beauty and personal care: Japanese drug

store chain Matsumoto Kiyoshi to tap

Taiwan market

Japan’s major drug store chain Matsumoto

Kiyoshi will soon open its first store for Taiwan

through forming a joint venture company with

a local manufacturing and logistics company.

Matsumoto Kiyoshi will sell beauty and health

food products under its brand in Taiwan, with

a hope to attract more Taiwanese customers

to its domestic locations when they travel to

Japan. Currently, Matsumoto Kiyoshi also

operates 12 stores in Thailand via a joint

venture with a local firm6.

Personal electronics: China’s smartphone

maker Vivo eyes overseas markets

including Singapore and Taiwan

Vivo, China’s major smartphone maker, will

soon bring its products to Singapore, Taiwan

and Russia, followed by a foray into Africa in

early 2017. The company has recently

expanded into the Hong Kong market with the

launch of its latest model X20. Its V7+ model

is already posting strong sales in India,

Thailand, the Philippines, Myanmar, Malaysia,

Indonesia, Pakistan, Cambodia and

Bangladesh. Established in 2009, Vivo is

noted for its innovative phone cameras feature

and was the first brand to roll out a

smartphone with a dedicated Hi-Fi chip.

According to U.S. research agency Gartner,

Vivo ranked fifth in global smartphone sales

for 2Q17 in terms of volume, taking up 6.6%

market share7.

Statistics: Retail sales up 2.2% yoy in

September 2017

Japan’s retail sales increased by 2.2% yoy in

September 2017, due chiefly to a growth in

sales of most of the major product categories,

including motor vehicles (up 5.9% yoy),

medicine & toiletry stores (up 5.8% yoy),

fabric apparel & accessories (up 5% yoy), fuel

(up 4.6% yoy), general merchandise (up 1.2%

yoy), food & beverages (up 0.5% yoy) and

machinery & equipment (up 0.4%). By

contrast, retail sales of non-store retailing fell

0.9% yoy in September 20178.

16 October 2017 – 31 October 2017 | 4 Asia (ex-China) Retail & E-commerce Biweekly Updates

Statistics: CPI up 0.7% yoy in September

2017

Japan’s consumer price index moved up by

0.7% yoy in September 2017. By category,

prices of fuel, light & water charges, medical

care and food rose 6% yoy, 1.8% yoy and 1%

yoy respectively in September 2017, followed

by education (up 0.4% yoy), culture &

recreation (up 0.2% yoy) and miscellaneous

(up 0.1% yoy). Prices of clothes & footwear,

furniture & household utensils and housing

decreased by 0.3% yoy, 0.2% yoy and 0.2%

yoy respectively in September 2017, while

prices of transportation & communication

remained unchanged from the same time last

year9.

Retail technology: Sony develops AI

remote-driven vehicle to display ads

Japan’s electronic giant Sony has developed

a vehicle named SC-1 that can be driven

remotely through advanced sensor technology

and artificial intelligence (AI) to capture a 360-

degree image of its surroundings. The use of

AI technology allows the vehicle to distinguish

the age and gender of people walking nearby

and to show demographic-specific

advertisements on its 55-inch ultra-high

definition 4K displays on each of the four

sides of the vehicle. In addition to the

marketing use, the three-meter long vehicle

can also transport people at leisure facilities

such as golf courses and shopping malls,

while passenger can drive the vehicles

themselves via the onboard controller and

augmented reality-enabled interior display,

which can superimpose computer generated

image such as dinosaurs onto the fairway

when golfers travelling to the next hole10.

E-commerce: Rakuten partners with third-

party retailers for its loyalty reward

program in the U.K.

Japan’s e-commerce giant Rakuten has

added third-party retailers to its loyalty

rewards programme in its U.K. website,

marking the first time that Rakuten Super

Points loyalty scheme features third-party

retailers in Europe since its launch in the

region one year ago. The collaboration

enables Rakuten’s shoppers in the U.K. to

collect and use Rakuten Super Points at over

200 popular British retailers including Marks &

Spencer, Asos, TK Maxx and Tesco. The

points, earned via shopping at Rakuten.co.uk,

can be redeemed for shop credit which can be

used online and in-store at a number of retail

partners11.

Apparel and footwear: Forever 21 closes

debut flagship store in Tokyo

American fast fashion chain Forever 21 shut

down its first flagship store in Japan in Tokyo

on 15 October, 2017. Industry analysts

attribute the closure to the lofty rental rate and

constantly declining foot traffic. Latecomers

including international rivals Zara and H&M as

well as domestic homegrown labels Spinns

and WEGO, coupled with the fast-growing e-

commerce have also further diluted the core

consumers of Forever 21. Founded in 1984,

Forever 21 currently owns 700-plus stores

worldwide, with most of them located in the

U.S.12.

16 October 2017 – 31 October 2017 | 5 Asia (ex-China) Retail & E-commerce Biweekly Updates

Apparel and footwear: Japanese

magazine Clutch to open first retail store

in London

Clutch, a Tokyo-based men’s fashion

magazine, will open its first retail store in

London in 1Q18, marking the company first’s

foray into the U.K. market. Located at Great

Portland Street in Fitzrovia, the 2,000-new

store will house a Clutch café and a fashion

boutique, showcasing a selection of Japanese

fashion brands, including Eternal, First

Arrow’s, Fullcount, Glad Hand, Japan Blue

Jeans, Jelado, Kato and Momotaro Jeans13.

Apparel and footwear: Italian

womenswear brand Anonyme Designers

teams up with Japanese department

stores

Italian womenswear brand Anonyme

Designers has sealed a pact with three major

Japanese department stores – Sogo and

Takashimaya in Yokohama, and Hankyu in

Osaka for distribution of its products in the

country. The brand has been selling its

products in Japan for three years upon setting

up its Asia base in Hong Kong. In addition to

its self-managed online store, Anonyme

Designers has also offered its products on

Italian luxury online fashion website Yoox.

Anonyme Designers currently sells in 25

countries via wholesale distribution with over

1,000 outlets and numerous department

stores on three continents14.

Apparel and footwear: Asics develops

microwave technology for custom-made

soles

Japan’s sneaker maker Asics has teamed up

with Taiwan-based Tayin Research &

Development Co., Ltd., to co-develop a

microwave technique to speed up the time it

takes to make a pair of athletic soles. By

utilizing heat generated by microwaves to fuse

different materials together to create shoe

soles, the innovative method enables

customers to build their shoe soles with self-

selected colors in as little as 15 seconds.

Asics believes the new technology will also

optimize in-store experience for the sneaker

shoppers, allowing them to take part in

custom design their shoes in the store on the

spot15.

Beauty and personal care: Beauty brand

Shiro opens first overseas stores in

London

Japan’s beauty brand Shiro has recently

opened two new stores in London, marking it

foray into the U.K. market and first store

openings outside of Japan. Featuring natural

beauty using simple natural methods, the

brand offers skincare, haircare, fabric care

and fragrance products made with high-quality

natural ingredients. In addition to the new

openings in London, the brand has also

launched a dedicated UK web store to serve

customers nationwide16.

Beauty and personal care: Kosé launches

premium skincare brand Decorté in the

U.K.

Japan’s cosmetics giant Kosé has launched

its high-end skincare brand Decorté in the U.K.

in partnership with local upscale department

store operator Selfridges. Selfridges is the first

and the only official distributor in the U.K. to

offer Decorté. Currently, Decorté is also

available in Asia, North America and Italy17.

16 October 2017 – 31 October 2017 | 6 Asia (ex-China) Retail & E-commerce Biweekly Updates

Statistics: CPI up 2.1% yoy in September

2017

South Korea’s consumer price index

increased by 2.1% yoy in September 2017. By

category, prices of housing, water, electricity,

gas & other fuels and food & non-alcoholic

beverages rose 3.9% yoy and 3.3% yoy

respectively in September 2017, followed by

transport (up 2.7% yoy), miscellaneous goods

& services (up 2.7% yoy), restaurant & hotels

(up 2.4% yoy), alcoholic beverages & tobacco

(up 1.8% yoy), clothing & footwear (up 1.2%

yoy), education (up 1% yoy), health (up 0.8%

yoy), furnishings, household equipment &

routine maintenance (up 0.8% yoy) and

communication (up 0.3% yoy). By contrast,

prices of recreation & culture fell 1.4% yoy in

September 201718.

Statistics: Consumer sentiment index up

1.5 points mom in October 2017

South Korea’s consumer sentiment index

moved up by 1.5 points mom in October 2017.

The growth was mainly driven by an increase

in consumer sentiment regarding current

domestic economic conditions (up 4 points

mom), prospective domestic economic

conditions (up 3 points mom), prospective

household spending (up 1 point mom) and

prospective household income (up 1 point

mom). Consumer sentiment related to current

living standards and prospective living

standards stayed unchanged from the

previous month in October 201719.

Retail technology: Bookseller Yes24 trials

autonomous robot and electronic trolley in

store

South Korea’s bookseller Yes24 is testing an

autonomous robot named Around and an

electronic trolley called air cart at its

secondhand bookstore in Busan. The major

duty of Around is to collect books that have

been read by customers, while air cart is to

help staff members to move books around

more safely and easily, with both them

equipped with anti-collision features. In

collaboration with local tech firm Naver Labs,

Yes24 has spent a year on development the

automatic robot and carts. More Arounds and

air carts will be launched before the end of

2017 after the trial and follow-up software and

hardware updates20.

Convenience stores: South Korean CVS

chain GS25 to open first Vietnam store in

November 2017

GS25, a South Korean convenience store

chain under local conglomerate GS Group’s

retail unit GS Retail, will open its first store for

Vietnam in Ho Chi Minh City in November

2017 in collaboration with Vietnam’s

conglomerate Son Kim Group. The new

opening will mark the first overseas foray for

GS25. The debut store will be operated by

GS25 Vietnam, a joint venture between GS

Retail and Son Kim Group. GS Retail

reportedly has signed a master franchise

agreement with the joint venture company, in

which it holds a 30% stake21.

16 October 2017 – 31 October 2017 | 7 Asia (ex-China) Retail & E-commerce Biweekly Updates

Apparel and footwear: Zara’s sister brand

Oysho launches on South Korean e-tailer

SSG

Oysho, a lingerie, sportwear and homeware

brand under Zara’s parent company Inditex

Group, have opened an online storefront on

South Korea’s largest online platform SSG.

The new opening follows Oysho’s launch of its

own website Oysho.com in South Korea on 7

September, 2017. Oysho will showcase its

sleepwear, lingerie, gym wear, beachwear,

footwear and accessories items on SSG. The

brand believes the launch on SSG will enable

customers to reach the brand more easily and

expand its customer base. Prior to the online

expansion, Oysho has already established

three brick-and-mortar stores in South Korea22.

Statistics: Retail sales up 3.2% yoy in

September 2017

Taiwan’s retail sales grew 3.2% yoy in

September 2017. The rise was chiefly

attributable to an increase in retail sales of

fuel products (up 11.4% yoy), information,

communication, equipment & electrical

household appliance (up 6.9% yoy) and food,

beverage & tobacco products (up 4.4% yoy),

followed by non-store retailing (up 3.4% yoy),

general merchandise (up 3.3% yoy), medical

goods & cosmetics (up 2.8% yoy), motor

vehicles (up 2.2% yoy) and household

supplies (up 0.6% yoy). By contrast, retail

sales of fabrics & apparel items and building

materials fell 2.8% yoy and 0.4% yoy

respectively in September 201723.

Convenience stores: FamilyMart Taiwan

launches e-wallet app My FamiPay

Convenience store chain FamilyMart Taiwan

has rolled out an e-wallet app called “My

FamiPay” with local Cathay United Bank and

Kuala-Lumpur-based payment platform Soft

Space. Aimed to make in-store purchases and

utility bill payments easier for customers, My

FamiPay integrates debit/prepaid/credit cards

and other various stored value cards, allowing

users to seamlessly collect and redeem

loyalty points and make payments at the store

counter. The app accepts transactions from

over 21 non-cash payment providers via

barcode scanning. It will also support pre-

order purchases offered exclusively to

FamilyMart shoppers. FamilyMart Taiwan

plans to make the app available to a third-

party payment processor to enable business

owners to accept online payment seamlessly24.

Shopping malls: Thai Shopping Centres

Association invests 57 billion baht for mall

space expansion

Thai Shopping Centres Association (TSCA) is

allocating 57 billion baht (US$1.7 billion) for

raising their combined mall space to over 9.1

million sqm by 2019. The expansion aims at

serving the lifestyles of consumers in the

digital era and cement Thailand as one of the

top destinations in ASEAN. Currently,

members of the TSCA include the top 13

shopping mall operators nationwide, namely

Boonthavorn Ceramics, Central Pattana,

Index Living Mall, KE Land, LH Mall & Hotel,

16 October 2017 – 31 October 2017 | 8 Asia (ex-China) Retail & E-commerce Biweekly Updates

MBK, Pacific Park Sriracha, Rangsit Plaza,

Seacon Development, Siam Future

Development, Siam Piwat Group, The Mall

Group and The Platinum Group. These

companies operate 97 malls covering 8 million

sqm in combined space25.

Luxury: Italian sportswear brand Paul &

Shark launches in King Power’s

Downtown Duty Free Mall in Bangkok

Italian luxury sportswear brand Paul & Shark

has opened a new store at King Power’s

Downtown Duty Free Mall in Rangnam Road,

Bangkok. Under one roof with other

international and local brands, the new store

showcases Paul & Shark’s autumn/ winter

collection. It is one of the several stores Paul

& Shark opened in Thailand in 201726.

Statistics: CPI up 4.3% yoy in September

2017

Malaysia’s consumer price index rose 4.3%

yoy to 120.3 in September 2017. The growth

was mainly driven by an increase in prices of

major expenditure categories, including

transport (up 15.8% yoy), food & non-alcoholic

beverages (up 4.6% yoy), furnishings,

household equipment & routine household

maintenance (up 2.8% yoy), restaurants and

hotels (up 2.6% yoy), health (up 2.5% yoy)

and housing, water, electricity, gas & other

fuels (up 2.4% yoy). By contrast, prices of

both clothing & footwear and communication

slid 0.3% yoy respectively27.

E-commerce: Singapore’s m-commerce

forecast to grow 33% over next the five

years

Singapore’s m-commerce market is estimated

to expand by 33% over the next five years,

according to Worldpay’s Global Payments

Report. The report also stated that Singapore

leads Southeast Asia in smartphone and

mobile broadband use and is the third largest

e-commerce market in region with 73% of its

Internet users already shopping online. For

payment preference, 66% of the surveyed

shoppers in Singapore said they still prefer to

pay with credit cards. Meanwhile, alternative

payment methods are gaining a foothold in the

city, with bank transfers and e-wallets both

expected to nearly double in share by 2021,

rising from 11% to 21% and 13% to 21%

respectively28.

E-commerce: Online restaurant booking

service provider Chope raises US$13

million

Chope, a Singapore-based online restaurant

booking service provider, has secured US$13

million in a new round of funding led by Asia-

Pacific venture capital Square Peg Capital

and joined by new investors C31 Ventures

and Moelis Australia as well as existing

investors NSI Ventures, Susquehanna

International Group, DSG Consumer Partners

and Singapore Press Holdings. Chope will use

the proceeds to strengthen its offerings,

develop a larger sales force, enhance

customer experience and invest in further

16 October 2017 – 31 October 2017 | 9 Asia (ex-China) Retail & E-commerce Biweekly Updates

innovations. Established in 2011, Chope is

one of the most widely-used restaurant

booking systems in Asia, with over 3,000 F&B

clients and 20 million dinners using its service.

Currently, Chope provides reservations

services of almost 2,000 hotels in Singapore,

Hong Kong, Shanghai, Beijing, Bangkok,

Phuket, Jakarta and Bali29.

Apparel and footwear: FJ Benjamin plans

to raise US$28.6 million

Singapore-listed fashion retailer FJ Benjamin

plans to raise up to S$39 million (US$28.6

million) through issuing rights cum warrants,

aiming to raise about S$12 million via issuing

341.2 million new shares plus issuing

warrants that could raise another S$27 million.

In 1Q17, the retailer revealed that its losses

significantly narrowed to S$942,000, a

substantial improvement from S$3.6 million

from a year earlier. Currently, FJ Benjamin

distributes a number of international fashion

and accessories brands in Singapore,

including Banana Republic, Celine, Gap,

Givenchy, Guess, La Senza, Loewe, Marc

Jacobs, Rebecca Minkoff and Tom Ford in

fashion, plus lifestyle brands Babyzen and

Sheridan, and watch brands Frederique

Constant, Nautica, Swarovski and Victorinox

Swiss Army30.

Luxury: Hermès opens world-first home

product exhibition in Singapore

French luxury fashion house Hermès opened

its first-ever home exhibition “Through The

Wall” in Singapore on 7 October, 2017,

showcasing the brand’s new collections for

home. Running until 29 October 2017, the

exhibition is held at Hermès’ Liat Towers

flagship store on Orchard Road. Hermès

hopes its extension to home product collection

can resonate with Asian customers31.

Beauty and personal care: Spanish

makeup brand 3ina taps Singapore

market

Spanish makeup brand 3ina has made foray

into Singapore by opening debut stores in Ion

Orchard and Tampines Mall. With all of its

products made in Europe, the brand carries

products in trending colours well-liked by

younger women, with coloured mascara, liquid

liners in iridescent finishes and nail polishes

as its signature products. Its other products

include three-in-one foundation to brow

pencils, matte lipsticks, chubby lip pencils,

brushes and other makeup tools32.

This is ENDPAGE33

Endnotes

1 “Lazada Online Revolution offering 210 million items.” 30 October, 2017. Inside Retail Asia.

https://insideretail.asia/2017/10/30/lazada-online-revolution-offering-210-million-items/#daily 2 “Diva, Zalora, and TheTake announce“shoppable” video initiative.” 16 October, 2017. Retail in Asia.

http://retailinasia.com/in-tech/it-solutions/retail_systems/diva-zalora-and-thetake-announceshoppable-video-

initiative/?utm_medium=email&utm_campaign=171017%20Newsletter&utm_content=171017%20Newsletter+CID_8f4dff

c2749337edcba1e518c2a29210&utm_source=Newsletter&utm_term=Diva%20Zalora%20and%20TheTake%20announc

eshoppable%20video%20initiative 3 “Honestbee Thailand partners with Villa Market.” 20 October, 2017. Retail News Asia.

https://www.retailnews.asia/honestbee-thailand-partners-villa-market/

4 “Japanese fashion mall Lumine to open in Singapore on Nov 25.” 25 October, 2017. Channel Newsasia.

http://www.channelnewsasia.com/news/singapore/japanese-fashion-mall-lumine-to-open-in-singapore-on-nov-25-

9343462 5 “Malaysia's first Seibu shop planned at finance hub.” 24 October, 2017. Nikkei Asian Review.

https://asia.nikkei.com/Business/Asean-Business-File/Malaysia-s-first-Seibu-shop-planned-at-finance-hub

6 “Japan drug brand Matsumoto Kiyoshi to enter Taiwan market.” 14 October, 2017. Taiwan News.

https://www.taiwannews.com.tw/en/news/3274547 7 “Chinese brand Vivo sets sights on exports as China’s home-market smartphone sales growth slows.” 20 October,

2017. SCMP.

http://www.scmp.com/tech/china-tech/article/2116334/chinese-brand-vivo-sets-sights-exports-chinas-home-market-

smartphone

8 “Preliminary Report on the Current Survey of Commerce.” 30 October, 2017. Japan’s Ministry of Economy, Trade and

Industry.

http://www.meti.go.jp/english/statistics/tyo/syoudou/index.html 9 “Consumer price index for Japan in September 2017.” 27 October, 2017. Statistics Japan.

http://www.stat.go.jp/english/data/cpi/1581.htm

10 “Sony develops remote-driven vehicle that displays ads tailored to passers-by.” 24 October, 2017. The Japan Times.

https://www.japantimes.co.jp/news/2017/10/24/business/tech/sony-develops-remote-driven-vehicle-off-road-use-

displaying-ads-tailored-passers/#.WfDH52iCyUl

11 “Rakuten adds third-party retailers to UK rewards programme.” 19 October, 2017. Fashion Network.

http://sg.fashionnetwork.com/news/Rakuten-adds-third-party-retailers-to-UK-rewards-

programme,881723.html#utm_source=newsletter&utm_medium=email

12 “Forever 21 closes first flagship store in Japan; once-favored fast fashion facing challenging environments.” 19

October, 2017. Fashion Network.

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shou,881835.html#utm_source=newsletter&utm_medium=email (in Chinese) 13

“Japanese magazine Clutch chooses London for its first retail location.” 20 October, 2017. Fashion Network.

http://th.fashionnetwork.com/news/Japanese-magazine-Clutch-chooses-London-for-its-first-retail-

location,882085.html#utm_source=newsletter&utm_medium=email

16 October 2017 – 31 October 2017 | 11 Asia (ex-China) Retail & E-commerce Biweekly Updates

14 “Anonyme Designers partners with Japanese d-stores.” 23 October, 2017. Inside Retail Asia.

https://insideretail.asia/2017/10/23/anonyme-designers-partners-with-japanese-d-stores/

15 “Asics Is Developing Custom Microwave Soles.” 24 October, 2017. Vampfootwear.com.

http://vampfootwear.com/asics-developing-microwave-soles/

16 “Shiro beauty opens two new UK stores and website, first expansion outside of Japan.” 25 October, 2017. Fashion

Network.

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Japan,883977.html#utm_source=newsletter&utm_medium=email

17 “Kosé launches prestige Decorté brand in the UK.” 17 October, 2017. Cosmetics design-asia.com

https://www.cosmeticsdesign-asia.com/Article/Kose-launches-prestige-Decorte-brand-in-the-

UK?utm_source=newsletter_daily&utm_medium=email&utm_campaign=18-Oct-

2017&c=Y9HN%2FHGfCOSvOqjJbHHg44XMndfVDp5S&p2

18 “Consumer Price Index in September 2017.” 28 September, 2017. Statistics Korea.

http://kostat.go.kr/portal/eng/pressReleases/9/1/index.board 19

“Consumer Survey for October 2017.” 27 October, 2017. The Bank of Korea.

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“YES24 Introduces Autonomous Robot at its Busan Store.” 25 October, 2017. The Korea Bizwire.

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“Son Kim Group confirms plan to bring GS25 convenience chain to Vietnam.” 20 October, 2017. Inside Retail Asia.

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22 “Oysho launches on Korean etailer SSG.” 20 October, 2017. Fashion Network.

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SSG,882427.html#utm_source=newsletter&utm_medium=email 23

“Sales of Trade and Food Services in September 2017.” 23 October, 2017. Department of Statistics, MOEA, Taiwan,

R.O.C.

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24 “FamilyMart Taiwan deploys e-wallet.” 20 October, 2017. Retail News Asia.

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25 “Mall owners in Bt57 bn growth push.” 18 October, 2017. The Nation.

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26 “Paul & Shark Thailand opens store in duty-free mall.” 20 October, 2017. Retail News Asia.

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“Consumer Price Index Malaysia September 2017.” 20 October, 2017. Department of Statistics Malaysia, Official

Portal.

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W56dz09&menu_id=bThzTHQxN1ZqMVF6a2I4RkZoNDFkQT09

28 “Singapore m-commerce set for 33 per cent growth.” 20 October, 2017. Inside Retail Asia.

https://insideretail.asia/2017/10/20/singapore-m-commerce-set-for-33-per-cent-growth/#daily 29

“Singapore: Online restaurant booking service Chope raises $13m.” 16 October, 2017. Deal Street Asia.

16 October 2017 – 31 October 2017 | 12 Asia (ex-China) Retail & E-commerce Biweekly Updates

https://www.dealstreetasia.com/stories/singapore-restaurant-booking-chope-raises-13m-

84221/?utm_source=DealStreetAsia%3A+The+Daily+Brief&utm_campaign=122311dd19-

RSS_EMAIL_CAMPAIGN+%2A%7CRSSFEED%3ADATE%3A+F+j%2C+Y%7C%2A&utm_medium=email&utm_term=0

_0fa50e40c1-122311dd19-246476629&mc_cid=122311dd19&mc_eid=c7b9fe7723 30

“FJ Benjamin losses narrow.” 24 October, 2017. Inside Retail Asia.

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“Hermès opens world-first ‘Through The Walls’ retail concept in Singapore.” 18 October, 2017. Retail in Asia.

http://retailinasia.com/in-trends/news/merchandising__marketing/hermes-opens-world-first-through-the-walls-retail-

concept-in-

singapore/?utm_medium=email&utm_campaign=171019%20Newsletter&utm_content=171019%20Newsletter+CID_6efc

e9dcdfc1d9f229546c05d714431c&utm_source=Newsletter&utm_term=Herms%20opens%20world-

first%20Through%20The%20Walls%20retail%20concept%20in%20Singapore

32 “Makeup brand 3ina arrives from Singapore.” 24 October, 2017. Retail News Asia.

https://www.retailnews.asia/makeup-brand-3ina-arrives-singapore/

33

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16 October 2017 – 31 October 2017 | 13 Asia (ex-China) Retail & E-commerce Biweekly Updates

Fung Business Intelligence

Fung Business Intelligence collects, analyzes and interprets market data on global sourcing,

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